close x
Home > Experts > Corporate Law > Applicability of caro report

Please Wait ..

to your account


Remember Me | Forgot your password?


Sign-up now

Join and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.

Alternatively, you can log in using:

Applicability of caro report (Corporate Law)

Report Abuse
This query is : Resolved

( Querist )
28 August 2013

28th August 2013

Dear Members

XYZ is a Private Limited. The company has not availed any loans from bank or financial institutions. The company does not have any income / revenue for the past few years. The paid up capital is Rs.55.00 lacs. Debit balance (loss) in profit & loss account is about Rs.1.10 crores.

My query is whether CARO Report is applicable to this company. This is due to the fact that in view of the debit balance in P&L the entire capital has been eroded.

with regards


B.Chackrapani Warrier

( Expert )
28 August 2013

Caro,2003 is not applicable to the said company.



You need to be the querist or approved CAclub expert to take part in this query .

Click here to login ( Members Login ) now

Similar Resolved Queries :


Quick Links

back to the top